In charts: Behind the glitter of gold bonds scheme
1 year, 3 months ago

In charts: Behind the glitter of gold bonds scheme

Live Mint  

The week of September 11 saw India’s central bank run the latest issue of the Sovereign Gold Bonds scheme, under which the government issues bonds to investors linked to the price of gold. Data on gold prices from the Reserve Bank of India for this century shows that average 5-year returns for gold—the effective lock-in for the SGB scheme—have exceeded 10% in 12 of the 22 financial years, including the latest three financial years. In that sense, the ‘bond’ has an equity component, which involves a bet that gold prices will be significantly higher on redemption than the issue price. For the 22 SGB issues where redemption has begun, the average annual pre-tax return on the bonds after five years has ranged between 10% and 16%, depending on the tranche and the maturity date.

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History of this topic

Sovereign Gold Bond: Attention PNB SGB investors! Do THIS for timely interest, principal payments
1 week, 6 days ago

Sovereign Gold Bond: Attention PNB SGB investors! Do THIS for timely interest, principal payments

Live Mint  

To guarantee prompt payment of principal and interest, Punjab National Bank asks all investors in Sovereign Gold Bonds and RBI Bonds, particularly those holding mature or soon-to-mature bonds, to confirm their bank account information as soon as possible. Dear Customer, All Sovereign Gold Bond /RBI Bond Investors of PNB, particularly those whose interest is not being paid and whose bond …

Sovereign Gold Bond: SGB 2016-17 Series III value increases 160% in 8 yrs, RBI announces final redemption price and date
1 month, 1 week ago

Sovereign Gold Bond: SGB 2016-17 Series III value increases 160% in 8 yrs, RBI announces final redemption price and date

Live Mint  

Investors in the SGB 2016-17 Series III scheme of Sovereign Gold Bond can redeem their assets in November at a 159% higher value along with accumulated interest. SGB 2016-17 Series III scheme redemption date According to the Reserve Bank of India, investors in the SGB can redeem their bond units after eight years of the beginning of the scheme. SGB …

’Expensive and complex’: Govt likely to discontinue sovereign gold bond issue, says report
4 months ago

’Expensive and complex’: Govt likely to discontinue sovereign gold bond issue, says report

Live Mint  

The Government of India may discontinue the sale of Sovereign Gold Bonds as they are considered an “expensive and complex” instrument, CNBC-TV18 reported on Thursday, August 22, quoting government sources. The recent Union budget highlighted that the government owes ₹85,000 crore to investors, which is almost nine times the ₹10,000 crore it owed at the end of March 2020, said …

Investors bought ₹27,000 cr of sovereign gold bonds in FY24: RBI report
6 months, 3 weeks ago

Investors bought ₹27,000 cr of sovereign gold bonds in FY24: RBI report

Hindustan Times  

Sovereign gold bonds have caught the fancy of investors who bought ₹27,031 crore worth of the bonds last fiscal, an amount more than four times invested in 2022-23 on the prospects of higher returns and tax benefits. The central bank in April announced the government will issue Sovereign Gold Bonds The bonds bought by investors represented a whopping 44.34 tonne …

Gold bonds: A win-win idea for our economy and investors alike
8 months ago

Gold bonds: A win-win idea for our economy and investors alike

Live Mint  

In November 2015, when Prime Minister Narendra Modi launched three gold-related schemes—the Gold Monetisation Scheme, Gold Coin and Bullion Scheme and the SGB one—not many were hopeful they would be an answer to our fascination with the metal. “These schemes could help on the margin, but they do not address the underlying problem, which is households’ need for alternative assets …

Sold sovereign gold bonds at market highs? Calculate your taxes in this way
8 months ago

Sold sovereign gold bonds at market highs? Calculate your taxes in this way

Hindustan Times  

SGBs is an investment in gold in dematerialized form. Gold on April 14, 2024, touched ₹72,500 per 10 grams, making the bids for selling the Sovereign Gold Bonds of August and September 2024 increase tremendously due to the ongoing geo-political tensions, leading people to rethink their gold-selling strategies. Sovereign Gold Bonds: As per the rules, the bond reaches maturity after …

Last date for Sovereign Gold Bond February tranche tomorrow. How to buy cheaper gold?
10 months, 1 week ago

Last date for Sovereign Gold Bond February tranche tomorrow. How to buy cheaper gold?

Hindustan Times  

The ongoing subscription period for the Sovereign Gold Bond Scheme 2023-24 - Series IV, which commenced on February 12, will conclude on Friday. The issue price for Sovereign Gold Bond Scheme 2023-24-Series IV has been fixed at ₹ 6,263 per gram of gold, the central bank has said. These bonds are available for purchase through banks, the Stock Holding Corporation …

Sovereign Gold Bond Scheme 2024: Know Interest Rate On SGB, Price And Discount
10 months, 1 week ago

Sovereign Gold Bond Scheme 2024: Know Interest Rate On SGB, Price And Discount

News 18  

Sovereign Gold Bond Series IV FY 2023-24: The Reserve Bank of India has announced the opening of the next tranche of Sovereign Gold Bond subscriptions, beginning February 12, 2024. This Series IV of the Sovereign Gold Bond Scheme 2023-24 will be available for subscription until February 16, 2024, offering investors an opportunity to invest in gold in a structured manner. …

Sovereign Gold Bonds 2023-24 Series IV opens tomorrow: Know the latest tranche issue price
10 months, 1 week ago

Sovereign Gold Bonds 2023-24 Series IV opens tomorrow: Know the latest tranche issue price

Hindustan Times  

The fourth tranche of sovereign gold under the Sovereign Gold Bond Scheme 2023-24 will be available for subscription from February 12-16, the Reserve Bank of India has announced. The first three tranches opened last year, from June 19-23, September 11-15, and December 18-22, respectively. The first three tranches under the scheme's 2023-24 edition all opened last year, from June 19-23, …

Sovereign Gold Bond 2023-24 Series IV Opens On Monday, Check Issue Price And Details Here
10 months, 1 week ago

Sovereign Gold Bond 2023-24 Series IV Opens On Monday, Check Issue Price And Details Here

ABP News  

The Reserve Bank of India said on Friday that the next tranche of Sovereign Gold Bond will be open for subscription for a period of five days from Monday at the issue price of Rs 6,263 per gram. The regulator informed that the Sovereign Gold Bond Scheme 2023-24 - Series IV will be available for subscription from February 12 to …

Govt to issue SGB in 2 series; Subscription dates, rates, other details here
1 year ago

Govt to issue SGB in 2 series; Subscription dates, rates, other details here

Live Mint  

The government will issue a tranche of sovereign gold bonds this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while Series IV is scheduled for February 12-16. 2023-24 Series III Date of Subscription: December 18 – December 22, 2023 Date of Issuance: December 28, 2023 2023-24 Series IV Date of …

SGB 2015-I series set for redemption on November 30 with 128% profit on investment
1 year ago

SGB 2015-I series set for redemption on November 30 with 128% profit on investment

Live Mint  

The Reserve Bank of India has officially announced the ultimate redemption value for the first series of the Sovereign Gold Bonds. The blend of consistent interest payments and the prospect of gold price appreciation render SGBs an enticing investment avenue for individuals in search of a mix of steady income and capital growth. The robust performance of SGB 2015-I can …

Record demand for sovereign gold bonds despite price rise
1 year, 2 months ago

Record demand for sovereign gold bonds despite price rise

Live Mint  

Investor demand for sovereign gold bonds surged to a record 11.67 tonnes valued at ₹6,914 crore in the second tranche of the current fiscal year despite high gold prices. Rising global macro uncertainty and high retail price inflation back home, amid rising crude oil prices, are driving investor demand, according to a banker and a senior broking official. View Full …

Sovereign gold bond opens today. Date, price, other details; should you apply?
1 year, 3 months ago

Sovereign gold bond opens today. Date, price, other details; should you apply?

Live Mint  

Sovereign gold bond: The Reserve Bank of India declared Sovereign gold bond September 2023 price on Friday at ₹5,923 per gram. Issuing a press statement in regard to sovereign gold bond price, date and other details, RBI said, "Sovereign Gold Bond Scheme 2023-24 - Series II will be open for subscription during September 11–15, 2023. Sovereign gold bond scheme 2023-24 …

Why sovereign gold bonds are now an attractive bullion bet — explained
1 year, 8 months ago

Why sovereign gold bonds are now an attractive bullion bet — explained

Live Mint  

Sovereign gold bond scheme: Gold rate today is in uptrend after attaining uptrend in November 2022 on US inflation concerns and less hawkish US Fed in rate hike. While bullion experts are advising gold investors to continue buying on dips as outlook for gold is still positive, ICICI direct believes that Sovereign Gold Bonds are the best way to take …

International Women’s Day: Why should you invest in sovereign gold bonds over physical gold?
1 year, 9 months ago

International Women’s Day: Why should you invest in sovereign gold bonds over physical gold?

Live Mint  

This Women’s Day, how do you plan to pamper yourself? The glitter of gold may not last for long First, women pay extra for the gold jewellery they buy. Moreover, gold jewellery cannot be counted among liquid assets owing to its low level of liquidity and the reluctance of most jewellers to factor in the amount spent on making charges. …

Sovereign gold bond scheme 2023 opens for subscription; all you need to know
1 year, 9 months ago

Sovereign gold bond scheme 2023 opens for subscription; all you need to know

Live Mint  

The Sovereign Gold Bond 2022-23 – Series IV Program, issued by the RBI on behalf of the Central Government, is now available for purchase. The government is offering a rebate of Rs 50 per gram to those who apply online and pay digitally, and the issue price of SGB is set at Rs 5,561 per gram for such investors. Investing …

Sovereign Gold Bonds: Last tranche of SGBs in 2022: Should you invest?
2 years ago

Sovereign Gold Bonds: Last tranche of SGBs in 2022: Should you invest?

Live Mint  

The last tranche of sovereign gold bonds was thrown open to public today for subscription. And the sovereign gold bonds are issued at an average price. The RBI calculates the issue price of gold bonds on the basis of simple average of closing price of 24 karat gold published by the India Bullion and Jewellers Association Limited during the last …

Sovereign gold bond scheme 2022-23 third tranche to open on 19 December
2 years ago

Sovereign gold bond scheme 2022-23 third tranche to open on 19 December

Live Mint  

New Delhi: The finance ministry has announced that the subscription for third series of the sovereign gold bond scheme 2022-23 will open on 19 December. “The issue price of the Bond during the subscription period shall be ₹5,409 per gram, as also published by RBI in their Press Release dated 16 December, 2022,” it added. “The issue price of the …

RBI to issue next tranche of Sovereign Gold Bonds from December 19-23; all you need to know
2 years ago

RBI to issue next tranche of Sovereign Gold Bonds from December 19-23; all you need to know

Live Mint  

The Reserve Bank will issue two tranches of Sovereign Gold Bonds, which will open for public subscription in December and March. Sovereign Gold Bonds 2022-23-Series III will open for subscription during December 19-December 23 and 2022-23-Series IV during March 06-10, 2023, the finance ministry said in a statement on Thursday. "The Loan-To-Value ratio is to be set equal to ordinary …

Sovereign gold bonds: First due date for premature redemption of this series V
2 years, 1 month ago

Sovereign gold bonds: First due date for premature redemption of this series V

Live Mint  

The Reserve Bank of India on Friday announced the due date for the first premature redemption of series V under Sovereign Gold Bond 2017-18. That being said, the first due date for premature redemption of SGB 2017-18 Series V is set on October 29. In its statement, for SGB 2017-18 Series V, RBI said, "on Sovereign Gold Bond Scheme, premature …

Investing in Sovereign Gold Bonds? Be aware of the risks involved
2 years, 2 months ago

Investing in Sovereign Gold Bonds? Be aware of the risks involved

Live Mint  

With gold prices swirling down daily for over a month and prices of goods increasing under the impact of inflation, many people are looking to park their funds in Sovereign Gold Bonds referred to as paper substitutes for holding physical gold. Additionally, because these bonds have a long tenor of 8 years, investors could also be exposed to liquidity risks …

Understand before you invest: How are sovereign gold bonds taxed
2 years, 3 months ago

Understand before you invest: How are sovereign gold bonds taxed

Live Mint  

The Reserve Bank of India issues sovereign gold bonds on behalf of the Indian government. Although the capital gain onthe maturity amount is entirely tax-free, any sale made before to maturity is subject to capital gain taxes based on the holding period. These short term capital gains will be included in your taxable income and taxed in accordance with the …

Sovereign Gold Bonds Now Open For Subscription; Why You Should Invest
2 years, 6 months ago

Sovereign Gold Bonds Now Open For Subscription; Why You Should Invest

News 18  

Sovereign Gold Bonds are now open for public subscription between Monday and Friday. How Was The Price Decided: The price of Rs 5,091 per gram is the simple average of the three-day closing price of 999 purity gold, published by the India Bullion and Jewellers Association Limited. The three days were the last three working days of the week preceding …

All you need to know about Sovereign Gold Bonds
2 years, 6 months ago

All you need to know about Sovereign Gold Bonds

Live Mint  

For Indians gold holds more importance than just an investment. When investors invest in physical gold especially jewellery, they have to pay making charges which is not recovered in reselling while on the other hand, there is no such cost involved while investing in SGB The Government of India have exempted the tax on capital gains from buying SGB, while …

Sovereign Gold Bonds To Open For Subscription Tomorrow: Key Details Investors Should Know
2 years, 6 months ago

Sovereign Gold Bonds To Open For Subscription Tomorrow: Key Details Investors Should Know

News 18  

Sovereign Gold Bonds, which will be issued by the Reserve Bank of India on behalf of the government, are opening for public subscription on Monday and will remain open till Friday. Here’re the details of the scheme for investors: Eligibility: The Sovereign Gold Bonds will be restricted for sale to resident individuals, Hindu Undivided Families, Trusts, Universities and Charitable Institutions. …

Sovereign Gold Bonds: Subscription Dates, Tenure, Interest, Price; Know Full Details
2 years, 6 months ago

Sovereign Gold Bonds: Subscription Dates, Tenure, Interest, Price; Know Full Details

News 18  

The government has decided to issue Sovereign Gold Bonds in two tranches during the financial year 2022-23. “The Sovereign Gold Bonds will be sold through scheduled commercial banks, Stock Holding Corporation of India Limited, Clearing Corporation of India Limited, designated post offices, and recognised stock exchanges viz., National Stock Exchange of India Limited and Bombay Stock Exchange Limited,” the finance …

Sovereign Gold Bond Opens for Subscription Today; 10 Points to Know Before Investing
2 years, 9 months ago

Sovereign Gold Bond Opens for Subscription Today; 10 Points to Know Before Investing

News 18  

The Sovereign Gold Bond Scheme 2021-22-Series X has opened for subscription today, February 28 and will go on for a period of five days till March 4. Here are 10 things to Know About the Sovereign Gold Bond Scheme: Minimum and Maximum Investment The minimum permissible investment is one gram of gold, while the maximum is 4 kg for individuals, …

What are Sovereign Gold Bonds?
3 years ago

What are Sovereign Gold Bonds?

Live Mint  

Sovereign Gold Bonds are government securities designated in the form of gold with a basic unit of 1 gram. The Reserve Bank of India issues sovereign gold bonds on behalf of the central government in compliance with the Government Security Act of 2006. Sovereign Gold Bonds are government securities denominated in gold with one gram as a basic unit. Risk …

What are Sovereign Gold Bonds?
3 years ago

What are Sovereign Gold Bonds?

Live Mint  

Sovereign Gold Bonds are government securities designated in the form of gold with a basic unit of 1 gram. The Reserve Bank of India issues sovereign gold bonds on behalf of the central government in compliance with the Government Security Act of 2006. Sovereign Gold Bonds are government securities denominated in gold with one gram as a basic unit. Risk …

SGB Scheme 2021: Now You Can Buy Gold At Rs 4,682 Per Gram. Here Is How
3 years, 3 months ago

SGB Scheme 2021: Now You Can Buy Gold At Rs 4,682 Per Gram. Here Is How

ABP News  

Mumbai: The government will launch the Sovereign Gold Bond Scheme 2021-22 - Series VI for subscription from August 30 – September 03, 2021. The bond's nominal value based on the simple average closing price for Gold of 999 purity of the last three business days of the week preceding the subscription period works out to Rs 4,732 per gram of …

Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday
3 years, 3 months ago

Gold bond issue price fixed at Rs 4,732/gm; subscription opens Monday

Business Standard  

The issue price for the next tranche of Sovereign Gold Bond Scheme 2021-22, which will open for subscription for five days from August 30, has been fixed at Rs 4,732 per gram of gold, the RBI said on Friday. The Sovereign Gold Bond Scheme 2021-22 - Series VI will be open for subscription for the period August 30 to September …

SBI Lists Out Six Golden Reasons To Invest In Sovereign Gold Bond, Check Them Here
3 years, 5 months ago

SBI Lists Out Six Golden Reasons To Invest In Sovereign Gold Bond, Check Them Here

ABP News  

New Delhi: In times of pandemic, gold has attracted investors because it is seen as a safe haven asset in uncertainty. Check the reasons below to invest in Sovereign Gold Bonds: Highest Returns: Among other available investing options in gold, SGBs offer the highest returns, which includes capital appreciation as well as additional interest @ 2.5 percent per annum. Among …

Sovereign Gold Bond Scheme 2021: Here’s How To Invest In SGBs Online From SBI
3 years, 7 months ago

Sovereign Gold Bond Scheme 2021: Here’s How To Invest In SGBs Online From SBI

ABP News  

Those looking to invest in gold bonds, here’s a golden chance to subscribe to the latest tranche of sovereign gold bonds which opened on May 17. Here's how to invest in SGB through SBI Firstly, log in to your SBI net banking account Then click on eServices and go to ‘Sovereign Gold Bond’ Select 'terms and conditions' and click on …

Sovereign Gold Bonds opens for subscription today: 6 golden reasons to invest in government-backed securities
3 years, 9 months ago

Sovereign Gold Bonds opens for subscription today: 6 golden reasons to invest in government-backed securities

India TV News  

Sovereign Gold Bonds 2020-21 will open for subscription from today. The issue price for sovereign gold bonds has been fixed at Rs 4,662 per gram. 6 golden reasons to invest in Sovereign Gold Bonds: 1. No GST, making charges There is no goods and services tax levied on sovereign gold bonds, unlike gold coins and bars.

Sovereign Gold Bond Scheme: How to invest in 2021, check details here
3 years, 10 months ago

Sovereign Gold Bond Scheme: How to invest in 2021, check details here

India Today  

SGBs are government securities denominated in grams of gold. If you're planning to invest in the SGBs in 2021, you should check the detailed guide below on how to invest in Sovereign Gold Bond Scheme. When investing in the Sovereign Gold Bond Scheme, payment can be made through cash /cheques/demand draft/electronic fund transfer. The minimum investment in the Bond shall …

Read This to Know All About Withdrawing Sovereign Gold Bonds Before Maturity
3 years, 10 months ago

Read This to Know All About Withdrawing Sovereign Gold Bonds Before Maturity

News 18  

Sovereign Gold Bonds are substitutes to physical gold and are government securities denominated in the yellow metal. Those who have invested in sovereign gold bonds can approach their agent, bank, post office or Stock Holding Corporation Of India Limited office in case of premature redemption. As per the Reserve Bank of India, SGB investors should submit a request for redemption …

Gold Investment: Sovereign gold bonds price fixed at Rs 5,000 per gm, subscription from December 28
3 years, 11 months ago

Gold Investment: Sovereign gold bonds price fixed at Rs 5,000 per gm, subscription from December 28

India TV News  

The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday. The Sovereign Gold Bond Scheme 2020-21 - Series IX will be open for subscription from December 28, 2020 to January 1, 2021. The issue price for Series VIII …

Sovereign Gold Bond Scheme: Who is eligible to invest in SGBs
4 years ago

Sovereign Gold Bond Scheme: Who is eligible to invest in SGBs

India Today  

SGBs are government securities denominated in grams of gold. The eighth tranche of the gold bond scheme, which opened for subscription on Monday, November 9, will be available for investing till Friday. Bonds are sold through scheduled commercial banks, SHCIL, designated Post Offices, National Stock Exchange of India Ltd. & Bombay Stock Exchange Ltd either directly or through their agents. …

Sovereign gold bonds open for subscription today: Things to know
4 years, 1 month ago

Sovereign gold bonds open for subscription today: Things to know

India TV News  

The eighth series of Sovereign Gold Bond Scheme 2021-21 will be thrown open for subscription today. With the tranche set to roll out, the government has fixed the issue price for the Sovereign Gold Bond at Rs 5,177 per gram of gold. SOVEREIGN GOLD BONDS OPEN FOR SUBSCRIPTION: THINGS TO KNOW What are sovereign gold bonds Sovereign gold bonds are …

Sovereign gold bonds open for subscription today: 10 things to know
4 years, 1 month ago

Sovereign gold bonds open for subscription today: 10 things to know

Live Mint  

The eighth tranche of sovereign gold bonds of this fiscal opens for subscription today and will close on November 13. The issue price for Sovereign Gold Bond Scheme 2020-21-Series VIII has been fixed at ₹5,177 per gram of gold. 4) The issue price for the previous tranche of gold bonds, which was open for subscription from October 12 to October …

Soverign Gold Bond: RBI fixes issue price at Rs 5,177 per gram ahead of Diwali, subscription from Nov 9
4 years, 1 month ago

Soverign Gold Bond: RBI fixes issue price at Rs 5,177 per gram ahead of Diwali, subscription from Nov 9

India TV News  

The issue price for the Sovereign Gold Bond has been fixed at Rs 5,177 per gram of gold, the Reserve Bank of India said in a statement on Friday. "The nominal value of the bond based on the simple average closing price for gold of 999 purity.works out to Rs 5,177 per gram of gold," the RBI said. "For such …

Gold prices jump sharply, silver surges ₹2,500 in a day
4 years, 2 months ago

Gold prices jump sharply, silver surges ₹2,500 in a day

Live Mint  

Gold and silver prices rose sharply in India after remaining range-bound for most part of the week. Gold futures on MCX rose ₹650 or 1.3% to ₹50,817 per 10 gram while silver futures surged 4% or ₹2,500 to ₹62,955 per kg on Friday. Additionally, a widening lead for Democratic presidential candidate Joe Biden has raised the prospect of further stimulus, …

Sovereign gold bonds open for subscription: 10 things to know
4 years, 2 months ago

Sovereign gold bonds open for subscription: 10 things to know

Live Mint  

The latest tranche of sovereign gold bonds will open for subscription today. Here are 10 things to know about sovereign gold bond scheme: 1) This latest issue comes at a time when gold prices have corrected significantly from August highs. 2) The issue price in the latest issue of gold bonds has been fixed based on the simple average closing …

How to buy Sovereign gold bonds: All you need to know
4 years, 4 months ago

How to buy Sovereign gold bonds: All you need to know

India Today  

Gold bonds are considered one of the best options for investments as investors can not only gain from the appreciation in prices of the precious gold bonds but also earn interest at the rate of 2.5% on the initial investment amount during the entire tenure. What are Sovereign gold bonds: SGBs are government securities denominated in grams of gold. Launched …

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